New Delhi, Nov. 21 -- The cryptocurrency market, already in a slump, sank further on 21 November, with market capitalisation down from over $3 trillion the previous day, to $2.18 trillion at time of writing, at 6 pm, data on CoinMarketCap showed.

Data on CoinGecko showed that for the past six weeks period, the crypto market has lost close to $1.2 trillion in market cap cumulatively. This comes even after the world's largest cryptocurrency, Bitcoin, touched all-time record high above $1,20,000 in October. Since then, the token has lost 12% year-on-year (YoY), also recording a record single-day slump of $19 billion in October itself.

Meanwhile, the second largest cryptocurrency Ether has lost close to 19% YoY. "The unprecedented pace of E...